Harpster & Barker Group

Galena, OH

Single-Family Homes

Broker, MBA, BSBA Real Estate and Urban Analysis



Galena, OH

Tue Jul 01 2025
This week the median list price for Galena, OH is $717,450 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has held steady at or around 32. Click here to stay informed with the Galena market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Galena, OH

Tue Jul 01 2025
This week the median list price for Galena, OH is $717,450 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has held steady at or around 32. Click here to stay informed with the Galena market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Galena market.
Median List Price $717,450
Median Price of New Listings $675,000
Per Square Foot $231
Average Days on Market 67
Median Days on Market 32
Price Decreased 41%
Price Increased 6%
Relisted 6%
Inventory 32
Median Rent
Market Action 42
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,375,000 4,504 1 - 2.5 acres 5 4.5 13 1 1 56
$767,450 3,752 1 - 2.5 acres 4 3.8 19 0 0 24
$675,800 3,011 0.25 - 0.5 acre 4 2.8 8 2 0 28
$502,450 2,186 0.25 - 0.5 acre 3 2.3 14 2 3 52